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Random Thoughts

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This is habit forming!

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  • The transports have eclipsed the "double top" of early May.

  • While the biotech price action is bubbleicious, the oncology news is tremendous from a humanistic standpoint.

  • The internals (both the breadth and upvolume/downvolume) continue to act well. I watch these "tells" on pullbacks for signs of traction/slippage.

  • The dollar has "come off" its earlier levels.

  • I saw the new Matrix flick yesterday and walked away unimpressed.

  • Emotion remains the enemy when trading. If you're too big, cut back so you can think clearly. If you're not big enough, define your risk and identify a time frame before piling into exposure. Either way, stop schvitzing and think positive!

  • The semis, drugs and oil service trade relatively heavy.

  • Thank you Ruby.

  • Do you remember how "big" S&P 980 was last year when we repeatedly tested it to the downside?

  • Balance, Mon Frere, Balance.

  • When the closing bell tolled on Friday, the skies opened up and it poured all weekend. Naturally, it's 80 degrees and sunny today.

  • Oil back at $30.

  • A faithful Minyan sent me a Chris Murrell CD and it's awesome. For you crooner fans out there, I highly recommend it.

  • There sure are a whole heckuva lotta similarities between the NDX chart and the Nikkei chart -- including this rally. I believe that will continue for many years.

  • Do they even sell vinyl records anymore?

  • The sellers have "walked away" from certain situations, particularly in the retail space.

  • I ran into a very smart trader/analyst friend at the gym this weekend. He told me he wishes he was 100% trader and 0% analyst the last few months.

  • If you view the big picture as a series of little pictures, there is a better ability to define risk.

  • Congrats Lionel -- it looks awesome.

  • Why does it seem that most people don't want to talk about 9/11 anymore?

  • When I was a kid, the idea of suburbia seemed foreign and far-fetched. After 13 years in the city, I'm beginning to see the appeal.

  • March was "a" bottom. I seriously doubt that it was "the" bottom.

  • Whenever I'm looking for trading perspective, I pull back my charts and extend the time frames.

  • Do you think Willis and Kimberly had a "thing" going in Diff'rent Strokes?

  • Zero percent financing will come back to haunt the autos.

  • The fear of missing is palpable but it's been that way for a while.

  • How am I approaching these levels? Gingerly, with defined risk and looking for compelling set-ups.
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position in spx, bbh

Todd Harrison is the founder and Chief Executive Officer of Minyanville. Prior to his current role, Mr. Harrison was President and head trader at a $400 million dollar New York-based hedge fund. Todd welcomes your comments and/or feedback at todd@minyanville.com.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

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